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Shares of Servicenow Inc Rise to a New 52-Week High

By Shiri Gupta

Servicenow Inc (NYSE:NOW) traded today at a new 52-week high of $175.99. So far today approximately 198,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Servicenow Inc (NYSE:NOW) defies analysts with a current price ($174.63) 4.1% above its average consensus price target of $167.47. The stock should discover initial support at its 200-day moving average (MA) of $72.67 and subsequent support at its 50-day MA of $63.52.

ServiceNow, Inc. provides enterprise information technology (IT) management software. The Company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platform. ServiceNow serves customers throughout the United States.

Over the past year, Servicenow Inc has traded in a range of $63.51 to $175.99 and is now at $174.63, 175% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.68. Since that recommendation, shares of Servicenow Inc have risen 13.5%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows servicenow inc

Ticker(s): NOW